Representative, California · House filer
Nancy Pelosi
The Pelosi household’s high-dollar, option-heavy technology strategy
The most consequential detail is easy to lose in a stock-tracker headline: the current forms code these positions as spouse-owned, and several entries are options, exercises or charitable transfers rather than straightforward stock buys.
The profile
The current site coverage contains 20 analysis-ready rows across 12 symbols. The official House forms mark the owner as “SP,” the House code for spouse. The filings therefore document Pelosi-household activity reported by the member; they should not be described as Nancy Pelosi personally clicking a trade button.
The year-end filing mixes partial stock sales, donor-advised-fund contributions, new call-option purchases and exercises of older options. Those categories have different economic meanings. A call purchase is leveraged exposure; an exercise converts an existing contract into shares; a charitable contribution is not a bullish open-market purchase.
The May filing is simpler and more striking: 200 Intel calls and 200 Uber calls, each with a $50 strike and March 2027 expiration. The reported ranges were $1 million–$5 million for Intel and $500,001–$1 million for Uber.
Both companies sat inside active public-policy stories. Intel was already part of a publicly announced federal investment and semiconductor strategy. Uber belonged to an industry pressing Congress for a national autonomous-vehicle framework. Those facts explain public interest, but they do not establish that either policy story caused the trades.
Evidence timeline
Trades beside the public record
Ordering shows timing. It does not prove a causal connection.
The Pelosi household reduced several large technology positions
The spouse-coded filing reports partial sales of Amazon, Apple and Nvidia shares on December 24, followed by additional sales, charitable transfers and new call-option purchases on December 30.
Options were exercised and new positions appeared
The filing reports spouse-owned exercises involving Alphabet, Amazon, Nvidia, Tempus AI and Vistra, plus an AllianceBernstein purchase. Exercises turn existing options into shares; they are not the same event as buying shares in the open market.
A federal autonomous-vehicle bill advanced in committee
The SELF DRIVE Act of 2026 was forwarded from an Energy and Commerce subcommittee. A hearing submission identified Uber as a member of the Autonomous Vehicle Industry Association. The record does not show Pelosi as the sponsor or a subcommittee voter.
The White House publicly promoted the government’s Intel stake
Eleven days before the option trade, the White House highlighted an existing federal agreement under which the government held an Intel stake. Intel had announced the agreement publicly in 2025.
Transportation policy remained active on Capitol Hill
The House Transportation and Infrastructure Committee approved a surface transportation package containing an autonomous commercial-vehicle framework. That is industry context, not evidence that the bill directly determined Uber’s value or that Pelosi acted on it.
The spouse-coded filing reports long-dated Intel and Uber calls
Purchase of INTC reported at $1.0M–$5.0M, and purchase of UBER reported at $500K–$1.0M. The source form specifies 200 call contracts in each company, a $50 strike price, and a March 19, 2027 expiration.
The May option positions became public
Pelosi signed the PTR 25 days after the transaction date. Public trackers could not have known about the positions from this filing before then.